2024年12月中央经济工作会议解读：政策更加系统、积极、前瞻

Macro Policy and Economic Outlook - The Central Economic Work Conference emphasized a systematic, proactive, and forward-looking policy approach for 2025, focusing on stabilizing growth, employment, and prices while promoting income growth[7][25] - The conference highlighted the need for coordinated policy efforts, including fiscal, monetary, and structural reforms, to address deep-seated challenges and external pressures[8][34] - Key goals include maintaining stable growth, ensuring employment and price stability, and balancing international payments, with a focus on boosting domestic demand and consumer confidence[25][26] Fiscal and Monetary Policy - Fiscal policy will be more proactive, with increased fiscal deficit ratios, higher spending intensity, and the issuance of ultra-long-term special treasury bonds to support key projects[36] - Monetary policy will remain accommodative, with potential reserve requirement ratio (RRR) and interest rate cuts to ensure ample liquidity and stable credit growth[37] Consumer and Real Estate Market - Efforts to boost domestic demand will focus on increasing consumer spending, particularly through income growth for low- and middle-income groups, and expanding service and cultural tourism consumption[37] - The real estate market will see measures to stabilize prices and demand, including urban village renovations, controlled land supply, and the promotion of new housing models[38] Innovation and Industrial Upgrading - The conference emphasized the role of technological innovation in driving new productive forces, with a focus on AI, green technologies, and the development of future industries[39] - Structural reforms will aim to enhance the efficiency of resource allocation, promote the development of a unified national market, and support the growth of private enterprises[41]